Today marked a typical milestone for this marketer: planning for the coming year. Planning involves assessing all that was, or wasn’t, accomplished over the past year, and prioritizing the focus for the coming year, along with the tools and resources needed to reach these goals. It also requires being thoroughly honest about accomplishments and shortcomings—hey, we all have them—and the new strategies in place to resolve them.
In this issue of Promotional Consultant Today, we are sharing five key points to consider when developing your 2019 plans, as according to Billee Howard, founder and CEO of BRANDthropologie.
1. Focus on emotion. Successful brands succeed in anticipating what consumers will do. Howard says these brands also succeed in anticipating how their consumers will feel, and how to encourage them to take action. We live in an “emotional economy”—an economy based on people and their relationships with each other and the brands they love—and recent advances in technology have moved the economy even further towards this. Marketers who understand this and learn how to draw value from it will become vital to the success of any organization.
2. Sharing is caring. According to Howard, we also live in a we-conomy, which involves a greater focus on finding solutions to problems rather than mass-producing products. People entrust the opinions of others, as well as reputable sources of information, but are gravitating less to traditional ads. The launch of Uber, Airbnb, Yelp and other highly consumer-driven resources has created an environment for sharing. These companies are structured by new business models that use trust as their foundation. As marketers and storytellers, we must build this trust by creating content that is authentic, reputable and purpose-driven. By doing so, this also leads to content that others will want to share with influencers and advocates.
3. Empathy continues to be important. Howard points out that we also live in a time of purposeful business, which is driven by the desire to make the world a better place. This requires successful leaders to focus on the world they live in as much as their own bottom line. Here are some things that Howard suggests when building a purposeful brand:
- Clearly articulate your brand’s purpose. Purpose is different from a mission statement or company values.
- Be aware that purpose is not cause and cause is not purpose.
- Brands must demonstrate empathy by valuing consumers and demonstrating an understanding of their needs. They must place their managers and employees in the customers’ shoes. Purpose is about what a brand is doing for someone else, not what the brand is doing for itself.
- Make purpose motivational, because it connects with the heart as well as the head.
- Use emotion-driven storytelling to bring your brand’s mission to life.
4. View attention as your customer’s most precious resource. In today’s busy world, the most valuable commodity we have is time—and many of us don’t have much of it to spare. Do you treat your customer’s time with high value? A customer experience strategy should translate into the creation of an engaging and memorable experience for your customer. At every interaction or encounter brands must ask: are we seizing the customer’s attention?
5. Finally, invest in digital technology, not just digital marketing. Today’s technology and digital tools can be overwhelming, so it is important to first focus on those areas of the business that will drive growth as direct result of improved consumer relationships. This includes characteristics such as loyalty programs, personalized customer experiences and other types of high-touch opportunities. Then, invest in the technology that supports those experiences while also providing you with the data and insights to continue building on those personalized experiences.
Review these recommendations and allow 2019 to be your most personalized and profitable year yet.
Source: Billee Howard is the founder and CEO of BRANDthropologie, a consultancy firm that harnesses creativity and technology to solve business problems. Howard works with clients to identify their purpose and then creates the content experiences that will help define distinction and positively impact their bottom line.